Riverstone Condos in Bellevue?

[TheMightyQuinn]

[Ubersalad]

[Puget Sounder]

[top01cat01]

They have been on The market Since April- 80 UNITS.. Roughly 20 Units have sold.. At least thats what the Real Estate agents are saying that are ,Set up permanently there.. the units are in the 260-280,000 2-3 bedroom units.

Amagine the Holding Costs..WOOOOW.... I say these units or Lets Call these APARTMENTS.... Call a Spade a Spade-- in this Case these Units are like holding an Offsuit 3-7... hahahaha

Put it plainly-- there in the corner of what appears to be probably about the Lowest income apartment complex in Bellevue-- there part of the bigger sum of about 300 apartment.

Actually walking though I put that at Closer to maybe 15.. I live right up the Steet and Walk the area about 5 days a week. In fact I walked though one time this week and some unlucky soul was already in the Process of moving out... imagine they only moved in maybe couple of months. The ladies what appeared to be her father was really angry.. " I asked them you already moving---- *Ladies response "there really going to have a hard time selling these.

Now theres another real interesting project on 140th right off the freeway exit which goes back over the freeway on the side of Bellevue Community college ... Apartment turned Condos unit 11 Total- 10 Unsold... the One that did Sell has Realitors Lockbox is right back on the Market.. this Apartment/Condo project has also been in Selling Phase for several months... these Units are asking in the Mid 300s... starting price

[top01cat01]

[perfectfire]

[top01cat01]

[top01cat01]

[top01cat01]

[Ubersalad]

[top01cat01]

[perfectfire]

I live just about 3 blocks away from this train-wreck of a conversion so I can't help but check out how they are doing from time to time. A month and a half ago, they released their "Second Phase". I guess they didn't put all 98 units on the market at once, but I'm pretty sure they only "sold" half of Phase I before they started to sell Phase II. They put a new bright green and yellow sign up and continued with the balloons and sign jigglers.

Today I decided to check out their site to see if they were going to have another open house that I could get free food at, but . They must be doing really poorly if they can't affored to pay their $15/month hosting bill.

Does anyone know of other impending condo-conversion train wrecks in Bellevue that I can watch?

[EastSiderenter]

[Ubersalad]

[TheMightyQuinn]

It looks like is still sitting at . Yes, they still pay someone to wave a sign and listen to his walkman on the weekends on NE 8th. How long can they go on?

Hoping to take a piece of that juicy pie, may i present:



and the newest in condo conversions:



I just can't believe that there are people still lining up to lose money.